GARBSEN, GERMANY – LPKF Laser & Electronics reported 2014 revenue of $131.6 million, down 8% year-over-year.

EBIT fell 45% to $14.3 million.

The firm attributes the decline to a low volume of incoming orders in the Electronics Production Equipment segment, coupled with the postponement of a major LDS project.

"We had originally planned to achieve a lot more during 2014, but weak incoming orders in two of our six product groups simply turned these plans upside down," said LPKF CEO Dr. Ingo Bretthauer.

In the Other Production Equipment segment, revenue rose 31%. The Electronics Development Equipment segment exceeded expectations, with revenue up 20%. These successes were unable to compensate for the decline in the laser direct structuring (LDS) business in 2014.

In 2015, LPKF plans to launch at least three new laser-based methods intended to stimulate growth from 2016 onward. LPKF expects revenue of $140.3 million to $149.1 million in 2015.

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